# US envoy says Russian ship picked up weapons in South Africa

> The US envoy to South Africa said a Russian ship had picked up weapons in South Africa. The rand and South Africa's 2030 government bond extended losses after the US assertion. Currency traders worried that South Africa could face Western sanctions.

- Date: 2023-05-11 · published 2023-05-11T12:00:00.000Z
- Category: geopolitics · region South Africa · magnitude medium
- Page: https://feedsoft.ai/events/36249-us-envoy-says-russian-ship-picked-up-weapons-in-south-africa
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Potential Western sanctions on South Africa would hurt its trade and capital flows and weaken the rand, raising the cost of dollar-priced feed imports. The effect on feed commodity prices is indirect.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/world/us-envoy-says-russian-ship-picked-up-arms-south-africa-2023-05-11/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.